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YES OR NO questions For each of the following items, indicate whether or not that item would be considered to be a transaction at Highpoint
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For each of the following items, indicate whether or not that item would be considered to be a transaction at Highpoint Lawn Maintenance. Highpoint Lawn Maintenance files its articles of incorporation with the state. Highpoint Lawn Maintenance acquires a new lawn tractor by signing a note payable with the lawn equipment company. Molly Anderson, a customer, signs a contract for next season's lawn service with Highpoint Lawn Maintenance. Highpoint Lawn Maintenance pays its employees an annual bonus on December 31. customer, Billy Harrison, gives Highpoint Lawn Maintenance a check for $540 to prepay for his lawn maintenance contract for the upcoming season. Highpoint Lawn Maintenance pays $250 for last month's electric bill. Highpoint Lawn Maintenance selects a new supplier for its lawn chemicals. The controller for Highpoint Lawn Maintenance pays the bill for a catered lunch at its annual training event for employeesStep by Step Solution
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